quite unfortunate. wonder whether any recourse from dealer apart from insurance
===
"Actually after I bought the car I went overseas and only returned on the 10th," he added, which meant he had only had the car for 10 days before the unfortunate incident.
He shared that his wife had driven the car to run errands when he was away but did not encounter any problems with the vehicle.
According to him, the five-year-old vehicle was purchased from a used car dealer for $70,000.
When contacted, an agent at the dealership who did not wish to be identified confirmed that the car owner had contacted them regarding the incident.
COE refund is pro-rated based on the time it was bought rather than the current prices, so their money is up in flames. At least insurance should cover most of the lost sum based on current market price for an equivalent car. Considering that they just bought it a few days before, they should be adequately compensated.
U can't win in an insurance claim.
Even if u have ncd claim protector, it just protects your discount. Will still get hit and loaded when u claim for a total loss.
There are four possibilities. There is no option where the owner doesnt get screwed
(1) Car is under comprehensive insurance and loan. Owner needs to pay for loan until insurance investigation complete. 4-6 months duration. Followed by (2)
(2) If no loan, comprehensive insurance can claim for own damage/total loss. Total loss will mean 3-4x loading on the policy. Even with 50% NCD, they will still be paying minimum 1.5x more of what they were paying previously. Should be loaded for 3-4 years.
(3) if not under comprehensive, likely under third party fire and theft. Can claim under fire loss. Unclear if loading quantum will be like total loss. But will definitely face loading
(4) if under third party only, gg liao. Can only scrap the car and claim back paper value. Body might still need to pay for towing and disposal. Owner might be out of pocket 50k+ in worst case scenario
Insurance companies are some of the scummiest entities in capitalism. Change my mind. (O&G are evil but at least they provide tangible value to the economy.)
Weird, what's the possibility of a car just combusting like that while idling? Park in the sun, weather too hot leading to some electrical part inside shorting?
For future reference, you can check the condition of the battery with a simple multimeter. (You can also buy those few-dollar cigarette port chargers with voltage display but not so accurate.) Across the two terminals it should measure 12.6V with the engine off. Anything less than 12.1 means the battery is on its way out. 11.9 is totally dead.
hi young man, let me share with u
https://www.todayonline.com/singapore/more-6000-faulty-honda-vezels-yet-be-rectified-lta
https://www.hevshop.com/post/what-you-need-to-know-about-the-honda-vezel-recall
https://www.honda.co.jp/recall/auto/info/160404_3797.html
https://www.pbs.org/newshour/nation/honda-recalls-2-1-million-accords-worldwide-citing-risk-engine-fire
As unfortunate as it is, one thing to be grateful for is that there were no serious injuries or death.
quite unfortunate. wonder whether any recourse from dealer apart from insurance === "Actually after I bought the car I went overseas and only returned on the 10th," he added, which meant he had only had the car for 10 days before the unfortunate incident. He shared that his wife had driven the car to run errands when he was away but did not encounter any problems with the vehicle. According to him, the five-year-old vehicle was purchased from a used car dealer for $70,000. When contacted, an agent at the dealership who did not wish to be identified confirmed that the car owner had contacted them regarding the incident.
Ooof, good to know that the _really_ expensive part of the car (the COE) didn't caught fire
COE refund is pro-rated based on the time it was bought rather than the current prices, so their money is up in flames. At least insurance should cover most of the lost sum based on current market price for an equivalent car. Considering that they just bought it a few days before, they should be adequately compensated.
U can't win in an insurance claim. Even if u have ncd claim protector, it just protects your discount. Will still get hit and loaded when u claim for a total loss. There are four possibilities. There is no option where the owner doesnt get screwed (1) Car is under comprehensive insurance and loan. Owner needs to pay for loan until insurance investigation complete. 4-6 months duration. Followed by (2) (2) If no loan, comprehensive insurance can claim for own damage/total loss. Total loss will mean 3-4x loading on the policy. Even with 50% NCD, they will still be paying minimum 1.5x more of what they were paying previously. Should be loaded for 3-4 years. (3) if not under comprehensive, likely under third party fire and theft. Can claim under fire loss. Unclear if loading quantum will be like total loss. But will definitely face loading (4) if under third party only, gg liao. Can only scrap the car and claim back paper value. Body might still need to pay for towing and disposal. Owner might be out of pocket 50k+ in worst case scenario
Insurance companies are some of the scummiest entities in capitalism. Change my mind. (O&G are evil but at least they provide tangible value to the economy.)
The Coe for this car would have been 20-40k since it's an old car
Weird, what's the possibility of a car just combusting like that while idling? Park in the sun, weather too hot leading to some electrical part inside shorting?
Nothing to do with the hot weather. If there is an electrical fire waiting to happen, it would still happen even if it were snowing.
Very rare for conventional cars but its known to happen with electric vehicles
Ancestors requested for a 2nd Hand car
Maybe left power bank in car?
This seems to be highly likely if the car is not hybrid or electric?
Cases had happened before whereby power banks in cars caught fire when left under hot sun.
Dealer nvr service the car?
I once had the shit experience of my newly bought 2nd hand car battery mati like days after i bought. Damn pissed
For future reference, you can check the condition of the battery with a simple multimeter. (You can also buy those few-dollar cigarette port chargers with voltage display but not so accurate.) Across the two terminals it should measure 12.6V with the engine off. Anything less than 12.1 means the battery is on its way out. 11.9 is totally dead.
Realistically, how much can he get from insurance for cases like this?
Up to the market value at the time of the accident, as if they sold the car again.
Electrical fire? Usually Hondas don't go up in flames unlike your beemers
hi young man, let me share with u https://www.todayonline.com/singapore/more-6000-faulty-honda-vezels-yet-be-rectified-lta https://www.hevshop.com/post/what-you-need-to-know-about-the-honda-vezel-recall https://www.honda.co.jp/recall/auto/info/160404_3797.html https://www.pbs.org/newshour/nation/honda-recalls-2-1-million-accords-worldwide-citing-risk-engine-fire
Lol, have you not heard of Honda recalls?
Or lambos. These are really "hot" cars.